Simpson Thacher represented SunOpta Foods Inc. (“SunOpta Foods”), a wholly owned subsidiary of SunOpta, Inc. (“SunOpta”), in connection with the issuance of $231 million aggregate principal amount of 9.5% Senior Secured Second Lien Notes due 2022, which were exchanged for $231 million aggregate principal amount of senior term loans borrowed under SunOpta Foods’ Second Lien Loan Agreement. The issuance closed on October 20, 2016, and SunOpta Foods’ Second Lien Loan Agreement was terminated.
SunOpta is a leading global company focused on organic, non-genetically modified ("non-GMO") and specialty foods. SunOpta specializes in the sourcing, processing and packaging of organic and non-GMO food products, integrated from seed through packaged products, with a focus on strategic vertically integrated business models. SunOpta's organic and non-GMO food operations revolve around value-added grain, seed, fruit and vegetable based product offerings, supported by a global sourcing and supply infrastructure.
The Simpson Thacher team included Ed Tolley, John Ericson, Jonathan Ozner, Benjamin Heriaud and Yu Mizutani (Capital Markets); Brian Steinhardt, Jennifer Albrecht and Nelli Zaltsman (Banking and Credit); Jonathan Cantor and Jodi Schneider (Tax); Andrew Blau and Jennifer Pepin (Executive Compensation and Employee Benefits); Dennis Loiacono (Real Estate); Marcela Robledo and Aditi Sherikar (IP); and Jonathan Pall (UCC).